What is Avalanche protocol ?

Avalanche operates its own consensus mechanism, known as the Snow consensus protocol, that is intended to balance transaction speed, network capacity, decentralization, energy efficiency, and security, using Proof of Stake (PoS) as its foundation.

What is DAU?

The DAU(daily active user) is a metric that shows the number of unique public addresses that transact with the dapps smart contract. Most dapps rankings are based on their DAUs. The DAU is, therefore, a crucial metric in determining the performance of any dapp.Resource

In this dashboard, we are going to analyze the growth of Avalanche protocol projects. For this purpose, we consider the number of daily active users (DAUs) as an indicator for the growth of projects.

The more the number of daily active users is, the network will grow. We will consider users who are active more than 4 days a week as active users, and based on that, we will check their activities, including the number of transactions and the amount of fees paid in projects over time. Also, projects We will also analyze the one that has the largest number of new users.

We do the analysis in DEX, Dapp, Defi, NFT, Layer2, Cex sections.

In this dashboard, you can view the analysis from the number of last months to the current date by selecting the number of last months.By default, the analysis is from 5 months ago to now.

The highest number of transactions, the number of users and the volume of fees in the last 5 months belong to Dex. Since the middle of March, the number of transactions of Daap has grown significantly and is higher than Defi and near to Dex.

In the following sections, we will find out the reason for the significant growth of Dapp transactions in March, and also analyze the projects of this type of label in more detail.